Pierce Norton - Feb 17, 2024 Form 4 Insider Report for ONEOK INC /NEW/ (OKE)

Role
President and Chief Executive Officer
Signature
/s/ Pat W. Cipolla, Attorney-in-Fact for Pierce H. Norton II
Stock symbol
OKE
Transactions as of
Feb 17, 2024
Transactions value $
-$1,763,683
Form type
4
Date filed
2/23/2024, 08:18 PM
Previous filing
Jun 29, 2023
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OKE Common Stock, par value $0.01 Options Exercise +55.5K +130.67% 97.9K Feb 17, 2024 Direct F1
transaction OKE Common Stock, par value $0.01 Tax liability -$1.76M -24.5K -25.03% $71.99 73.4K Feb 17, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OKE PSU 2021 Options Exercise -55.5K -100% 0 Feb 17, 2024 Common Stock, par value $0.01 55.5K Direct F1
transaction OKE PSU 2024 Award +87.3K 87.3K Feb 21, 2024 Common Stock, par value $0.01 87.3K Direct F2, F3
transaction OKE RSU 2024 Award +21.8K 21.8K Feb 21, 2024 Common Stock, par value $0.01 21.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance units awarded under the Issuer's Equity Incentive Plan. The award vested on February 17, 2024, for 88% of the performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group. During the 3-year vesting period, the award was credited with dividend equivalents that were paid out in shares of common stock at the time the underlying units vested and shares were issued. The award and credited dividend equivalents were payable one share of the Issuer's common stock for each vested performance unit including additional performance units resulting from dividend equivalents.
F2 Performance units awarded under Issuer's Equity Incentive Plan. The award will vest on February 17, 2027, for a percentage (0% to 200%) of performance units awarded based upon the Issuer's total shareholder return compared to total shareholder return of a selected peer group, subject to the certification by Executive Compensation Committee of the applicable performance requirements. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and shares are issued. The award and credited dividend equivalents will be payable one share of the Issuer's common stock for each vested performance unit, including additional performance units resulting from dividend equivalents.
F3 Restricted units awarded under Issuer's Equity Incentive Plan. The award vests on February 17, 2027. During the 3-year vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued. The award and credited dividend equivalents will be payable one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.

Remarks:

President and Chief Executive Officer